Special Needs Financial Planning The Key to Creating and Sustaining an Enviable Life 2014 John W. Nadworny, CFP®, Alexandria Nadworny, CFP® Special Needs Financial Planning Securities and Financial Planning offered through LPL financial, member FINRA/SIPC

Planning for Two Generations The Special Needs Planning TimelineTM Planning for Two Generations Early Intervention Guardianship SSI College Residential Employment ISP Transition Planning Retirement SSDI Estate Distribution IEP Parent’s Age 65 Parent’s Death Age 3 Age 15 Age 18 Age 22 Birth Child’s Death Special Needs Planning Time Line Traditional Planning Time Line Reprinted by permission from The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life, by John W. Nadworny, CFP®, ChFC, MBA and Cynthia R. Haddad, CFP® Copyright © 2007 by Paul H. Brookes Publishing Co., Inc Securities offered through LPL Financial: Winchester, MA, Member FINRA/SIPC www.specialneedsplanning.com

Planning For The Future The Five Factors™ of Special Needs Planning Legal Financial Special Needs Financial Planning Family & Support Government Benefits Emotional Reprinted by permission from The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life, by John W. NadwornyCFP®, ChFC, MBA and Cynthia R Haddad, CFP® Copyright © 2007 by Paul H. Brookes Publishing Co., Inc. (www.brookespublishing.com or 1-800-638-3775) Securities and financial planning offered through LPL Financial: Winchester MA, Member FINRA/SIPC www.specialneedsplanning.com

The Keys to Creating and Sustaining an Enviable Life Public Resources/ Agencies Family & Support Siblings & Future Advocates Public Funded Housing Options Legal and Estate Planning Private Provider Agency Personal Financial Resources

Special Needs Financial Planning FAMILY & SUPPORT FACTORS: How involved will you be? Who else will be involved? What can others help with? Roles of extended family members? Who will help to pay? What Family Support Services?

Special Needs Financial Planning EMOTIONAL FACTORS: What is the vision you have for your child? What is your child’s vision of his or her life? Are you ready to let go? When will you be? Is your child ready to leave home? When will he/she be? How do the brothers and sisters feel?

Special Needs Financial Planning GOVERNMENT BENEFITS FACTORS: Identifying, Maximizing, Protecting Benefits Social Security Income Benefits: SSI vs. SSDI MassHealth and Medicaid

Special Needs Financial Planning LEGAL & ESTATE PLANNING FACTORS: Special Needs Trusts: Trustees, Beneficiaries, Trust Advisors Ownership of Residence Guardianship vs. Alternatives Estate Equalization and Distribution Longevity of the Plan Estate Planning and Gifting

Special Needs Financial Planning PUBLICLY FUNDED HOUSING OPTIONS: Eligibility Accessing Applications Housing Search Residential Options: Section 8 No Interest Loan Programs Rental Subsidies Group Adult Foster Care Shared Living PCA’s

Special Needs Financial Planning PUBLIC RESOURCES AGENCIES: What Government Agency(s) will provide services? Intake and Eligibility Individual Service Plan (ISP) Getting Funded For Supports

Special Needs Financial Planning FINANCIAL FACTORS: Identifying & Prioritizing Costs Parents Needs: Retirement Security Insurance Protection Needs: Life, Disability, Long-Term Care, Medical, P&C Balancing All Children’s Needs: College Planning Residential Needs: Purchase and Ongoing Support Costs Inflation Increasing Needs & Decreasing Government Benefits

Special Needs Financial Planning PRIVATE PROVIDER AGENCY: Understanding the Role Assessment The Educated Consumer The Match Developing a Plan

Overall Residential Planning Needs Ongoing Residential Support Needs Ongoing Day Services Physical Residence Options Supplemental Needs Apartment House Condominium in Large Home Apartment in Multi Family Addition to Personal Residence $$ One on One Overnight Awake Overnight Asleep Staffing Ratio Staffing Qualifications $$$ to $$$$ Program Type Transportation Week Day Schedule Weekend Independence $$$ to $$$$ Care Assistance Special Food Personal Care Recreation Hobbies Holidays Vacations $

Overall Residential Funding Options Purchase of Residence Day Services Supplemental Needs Ongoing Mortgage vs. Rent Tax Planning Rental Subsidy Section 8 SSI/SSDI Employment Earnings Public Agency Family’s Resources Public Agency Medicaid/PCA’S Group Adult Foster Care Food Stamps Family’s Resources Public Agency MBTA Pass ADA Family’s Resources Family’s Resources SNT Gifting

Contact us for a complimentary consultation Thank You! Contact us for a complimentary consultation 781-756-1804 www.shepherdfinancialpartners.com www.specialneedsplanning.com Alexandria Nadworny, John W. Nadworny, CFP® Securities and Financial Planning offered through LPL financial, member FINRA/SIPC